ARTICLES ABOUT PAN AMERICAN WORLD AIRWAYS BY DATE - PAGE 4

American Airlines is proposing to come to the rescue of senior citizens who paid hundreds of dollars to buy discount books redeemable for flights on Midway Airlines, only to see their investment crash along with the Chicago-based carrier when it abruptly shut down last month. American officials said Friday that they have reached a tentative agreement on the discount books with officials of Midway. Under the agreement, American would honor the discount certificates for a fee of $25 per coupon on any route American flies in the continental U.S. The proposed agreement must be approved by Midway's court-appointed bankruptcy trustee, Sheldon Solow, and the U.S. Bankruptcy Court handling the liquidation of Midway's assets.

The U.S. Transportation Department granted temporary authority to American, American Trans Air and United Airlines to fly some of defunct Pan American World Airways` routes. American was given Pan Am's route between Miami and Grand Cayman Island. United got the route between New York and Caracas, Venezuela, and American Trans Air will service the route between Miami and Paris. A bankruptcy court hearing is to be held Sunday in New York to auction Pan Am's routes, most of which are to Latin America and the Caribbean.

Commuter service sold: Trans World Airlines` commuter airline, Trans World Express Inc., has agreed to buy Pan American World Airways` commuter operation, Pan Am Express, for $28 million. The purchase is to be completed Dec. 3. TWA said Pan Am Express workers will be offered jobs.

Pan American World Airways, seeking to emerge from bankruptcy as a smaller carrier that will concentrate on Latin America, said its losses increased fivefold in the third quarter, to $150.3 million from $29.2 million a year earlier. The airline's parent, Pan Am Corp., said it lost $160 million, compared with a loss of $29.1 million from continuing operations in the 1990 period.

Russell L. Ray Jr., the new chief of Pan American World Airways, predicted Thursday that the smaller carrier to emerge from Chapter 11 can be profitable, though bankruptcy hurt Pan Am in the Latin American market where it hopes to thrive. Ray said Pan Am's efforts will get an enormous boost from Delta Air Lines, which has agreed to buy most of Pan Am's transatlantic service and its northeast shuttle and will hold a major stake in the smaller Pan Am.

American Airlines, which halted service to Berlin more than 40 years ago after the city was divided between the East and West blocs, is planning to resume service next summer to the reunified German metropolis. Ft. Worth-based American announced Tuesday that if it obtains approval from the German government, it will provide non-stop service five days a week to Berlin from Chicago's O`Hare International Airport beginning June 11. Germany's reunification and the re-establishment of Berlin as its capital are the main reasons American wants to resume service to Berlin, said William Thompson, managing director of passenger sales for the airline's central division.

Pan Am cuts overseas fares: In a surprise move, Pan American World Airways cut most of its overseas air fares to match the latest reductions by British carriers, and analysts said the development could lead to a new round of cuts by U.S. airlines. Pan Am announced a coupon offer that would entitle ticket buyers to save up to 25 percent on most flights overseas.

Delta Air Lines on Monday won Pan American World Airways` prized European assets and its East Coast shuttle, setting the stage for an increasingly global air war among the three remaining U.S. giants: Delta, United and American. Under a $1.4 billion transaction approved by U.S. Bankruptcy Court Judge Cornelius Blackshear, Delta also promised to keep a downsized Pan Am alive by helping the nation's oldest commercial airline maintain its original Latin American routes. By helping Pan Am stay on those routes, Delta will effectively slow the efforts of archrival United Airlines to become a major carrier to South American markets.

The airline bidding war for the remaining parts of bankrupt Pan American World Airways is beginning to look like a fight among jackals over the carcass of a mortally wounded lion. At least a half-dozen carriers in the last two weeks have come forward with offers to buy the leftover routes and other assets of the financially stricken airline. And each airline in the hunt for Pan Am is insisting that its bid is the best for Pan Am's creditors, employees and customers. The latest to submit a bid is Trans World Airlines, the Mt. Kisco, N.Y.-based carrier owned by investor Carl Icahn.

Continental raises fares: Continental Airlines, in an effort to bring revenues in line with expenses, is raising its domestic air fares 5 percent starting July 24, but most other U.S. carriers seem hesitant to match the increase. So far, only Pan American World Airways, which, like Continental, is operating under federal bankruptcy protection, has said it will match Continental.